Date First Found - November 15, 2016
Pattern/Why- breakdown of trend line and up channel
Entry Target Criteria- break below $162.73
Exit Target Criteria- $133.13
Stop Loss Criteria- $170.13
Indicator Notes- huge drop in Twiggs Money Flow
Special Note- we would consider $170 April puts
Next Earnings Release Date- December 8, 2016
We are looking to short AVGO as it is Breaking down of a broad rising wedge along with insider selling.
for best entry we like to see AVGO to rise a bit to the resistance.
for trading we consider Aug16- 130 put (2) & shorter term Jul16- 135 put ($1.7)
